XTX Topco Ltd Sells 1,568 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

XTX Topco Ltd reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,941 shares of the transportation company’s stock after selling 1,568 shares during the quarter. XTX Topco Ltd’s holdings in Canadian Pacific Kansas City were worth $704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Canadian Pacific Kansas City by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after acquiring an additional 588,701 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Canadian Pacific Kansas City by 2.5% in the first quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock worth $1,915,196,000 after purchasing an additional 532,303 shares in the last quarter. Veritas Asset Management LLP raised its position in shares of Canadian Pacific Kansas City by 1.8% in the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after purchasing an additional 243,210 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Canadian Pacific Kansas City by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after buying an additional 507,177 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Canadian Pacific Kansas City by 8.2% in the 1st quarter. Clearbridge Investments LLC now owns 8,203,273 shares of the transportation company’s stock worth $723,523,000 after buying an additional 622,106 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent research reports. Jefferies Financial Group dropped their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Barclays cut their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Sanford C. Bernstein upped their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research report on Monday, July 8th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.36.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $85.86 on Monday. The business’s 50-day moving average price is $82.16 and its 200-day moving average price is $82.49. The firm has a market capitalization of $80.11 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.